> businesses that fail is a testament to how thoroughly misallocated capital is. So much capital goes to people who end up demonstrating they are incapable of d

> businesses that fail is a testament to how thoroughly misallocated capital is. So much capital goes to people who end up demonstrating they are incapable of deploying it. Doesn't that disprove you previous hypothesis? Unless you think that the people who are handing out the money and the ones they are handing it to are somehow exceptionally incompetent?